ETH/USDT – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 2354.585 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 2331.85 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Outside Up’ candlestick chart pattern is existing. The candles show ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2343.58 |
| 2nd High | 2338.79 |
| Next High | 2331.85 |
| Current Price | 2317.760000000 |
| Next Low | 2301.61 |
| 2nd Low | 2300.22 |
| 3rd Low | 2285.42 |
2331.85 – 2338.79 – 2343.58 – 2301.61 – 2300.22 – 2285.42 —
2328.160000000 – 2315.450000000 —
56.554036428516 – 45.338567908837 —
– —
2331.85 – 1777032000
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Up – – –